Initial sale price of common stock Hudson-Perry Recordings Inc. has one issue of preferred stock and one issue of common stock outstanding. Given their stockholders' equity account that follows, determine the original price per share at which the firm sold its single issue of common stock. P3-7 Stockholders' Equity ($000) Preferred stock Common stock ($0.10 par, 1,400,000 shares outstanding) Paid-in capital in excess of par on common st Retained earnings $ 225 140 19,460 1,800 $21,625 Total stockholders' equity